|Bid||0.0000 x 47300|
|Ask||1.1000 x 47300|
|Day's Range||1.0800 - 1.2200|
|52 Week Range||0.8000 - 2.6600|
|Beta (3Y Monthly)||2.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 14, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.10|
Redevelopment plan filed in bankruptcy court calls for tearing down Century III Mall except for its remaining JCPenney store to make what for a new mixed-use project
JCPenney (JCP) and several US companies continue to oppose President Trump’s proposed fourth tranche of tariffs on Chinese imports. In a letter addressed to the United States Trade Representative, JCPenney indicated that Trump’s latest round of proposed tariffs will hurt US consumers—and it looks like women will carry the brunt of the burden.
For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
If the United States were to impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $12.2 billion more for their apparels, footwear, toys, and household appliances, the National Retail Federation (NRF) said on Friday. If the proposed tariffs are imposed, consumers would have to pay another $4.4 billion on apparel, $2.5 billion on footwear, $3.7 billion for toys and $1.6 billion for household appliances, the retail trade group said based on a study it had commissioned. "It would be impossible for all market participants in our industry to simultaneously move sourcing to other countries.
Rating Action: Moody's affirms ten and downgrades two classes of COMM 2013- CCRE7. Global Credit Research- 21 Jun 2019. Approximately $566 million of structured securities affected.
The retailer listed 26 items, ranging from women's pullovers to Christmas ornaments, and stressed that women would be hurt disproportionately by the proposed tariffs. 13 items on their priority list were apparels for women and girls. One wouldn't think the Administration would seek to emulate the Grinch, who left little Cindy-Lou Who with walls devoid of ornaments and 'nothing but hooks and some wire,'" J.C. Penney said in the letter https://www.regulations.gov/document?D=USTR-2019-0004-2525.
Penney (JCP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Rating Action: Moody's affirms seven classes of GSMS 2015- GC32. Global Credit Research- 19 Jun 2019. Approximately $725.5 million of structured securities affected.
Moody's rating action reflects a base expected loss of 40.5% of the current pooled balance, compared to 25.6% at Moody's last review. Moody's did not use any stress scenario simulations in its analysis.
Century III owner hires Yarone Zober and McKnight as a consultant as it works towards a redevelopment plan of nearly empty mall
Online retail has changed the way consumers shop. These discount retailers have reinvented themselves to thrive in the digital era.
Target (NYSE:TGT) stock has been red-hot in 2019 for one very simple reason: the big-box retailer is on fire. Over the past several months, TGT has fired off quarter after quarter off hugely positive comparable sales growth, second-to-none digital sales growth, profit-margin stabilization, and strong profit growth. As shown by the struggles of Nordstrom (NYSE:JWN), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP), TGT has achieved all of those milestones all against the backdrop of a shaky retail environment.I Source: Mike Mozart via Flickr (Modified)Investors have celebrated Target's resilience and strength. That's why Target stock is up more than 30% this year. As for the rest of the retail sector, the SPDR S&P Retail ETF (NYSE:XRT) is up just 2% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Tech Stocks to Buy for the Second Half of 2019 This outperformance by Target stock will continue. That's because TGT has found a winning strategy that boils down to transforming into a low-cost, all-in-one, omnichannel retailer. There are only three other retailers of similar size that can compete with TGT in this low-cost, all-in-one, omnichannel game. Their names are Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and Costco (NASDAQ:COST). In contrast to the other names in that group, Target has carved out a niche for itself by providing a higher-quality, physical-first shopping experience.So TGT has not just found a winning strategy in the retail sector, but it has also created a sustainable niche for itself. That means Target will remain red hot for the foreseeable future, so Target stock will continue to grind higher. Target Has Found a Winning StrategyFor a while, TGT was considered a left-for-dead retailer that would be gobbled up the e-commerce wave. But, over the past several years, two things have happened.Specifically, it became obvious that omnichannel, not e-commerce, is the future of retail, and Target's innovations enabled it to to become a second-to-none omnichannel retailer.On the first point, e-commerce is certainly where all the growth is happening in the retail world. But it's not entirely cannibalizing the physical channel. Consumers still like to go shop in stores, whether to try things on, see things first-hand, or simply relish in the physical shopping experience, or combinations of those. That's why e-commerce still represents just 10% of total retail sales, and why e-commerce growth rates are already slowing.Thus, the future of retail is not just online. It's a mix of physical and digital.As for the second point, the vibrancy of omnichannel naturally benefits large physical retailers because it costs significantly more money to build a physical store presence than to build an online one. TGT realized the advantage its large network of stores gave it, and it has run with its edge. The company has innovated left and right, rolling out things like buy-online, pick-up-in-store; same-day delivery; and automated checkouts. All of these things have helped Target become a low-cost, omnichannel retail giant.Importantly, TGT is different than its peers in the low cost, omnichannel game. Target offers a much higher quality shopping experience than Walmart, it doesn't require a membership like Costco, and it depends more on its physical stores than e-commerce, unlike Amazon. Target Stock Can Rise FurtherTGT's comparable sales growth has been 3%-plus for five straight quarters now, and roughly 5%-plus for four straight quarters. Its traffic growth has been 4%-plus for four straight quarters. TGT's digital- sales growth has run north of 30% for four straight quarters and north of 25% for five straight quarters. Its margins, which used to be under immense pressure, are starting to stabilize.Target's winning and defensible strategy has produced very strong numbers for the retailer.The company's growth will naturally slow over the next several years as its comparisons get harder and its omnichannel growth initiatives become less powerful. But its growth should remain healthy, as Target has proven that it can and will remain an important part of the U.S. retail world.As a result, 1%-3% comparable sales and revenue growth over the next several years seems doable. Its gross margins should stabilize during that stretch, as less steep discounts are offset by higher fulfillment costs. Its operating-spending rate should drop as it utilizes more automation and cuts some labor expenses. Target should report low-single-percentage-digit revenue growth and mid-to -high-single-digit-percentage profit growth over the next several years.I realistically think $8.50 is achievable by fiscal 2025. Based on a forward multiple of 16, which is average for the market, that implies a fiscal 2024 price target for Target stock of $136. Discounted by 7% per year (rather than 10%, because of the 3% yield of Target stock), that equates to a 2019 price target north of $95. The Bottom Line on TGT StockTGT is a winning retailer that has proven its staying power in the stable-growth, omnichannel retail world. As a result, it should be a slow and steady revenue and profit grower over the next several years. That slow and steady profit growth should keep TGT stock on a winning path, as long as the valuation of Target stock continues to remain in check.As of this writing, Luke Lango was long TGT, JWN, AMZN, and WMT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Why Red-Hot Target Stock Can Rise Further appeared first on InvestorPlace.
Larry Swedroe is on a mission: Save investors, one at a time if necessary. To spread his gospel, Swedroe writes investing books and is director of research at Buckingham Asset Management in St. Louis.
The ratings on six principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 3.4% of the current pooled balance, compared to 3.2% at Moody's last review. Moody's base expected loss plus realized losses is now 3.1% of the original pooled balance, the same as at the last review.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Penney (J.C.) Company, Inc. New York, June 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Penney (J.C.) Company, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 8.9% of the current pooled balance, compared to 5.3% at Moody's last review. Moody's base expected loss plus realized losses is now 8.2% of the original pooled balance, compared to 5.1% at the last review.
Rating Action: Moody's affirms six and downgrades three classes of MSC 2011- C2. Global Credit Research- 12 Jun 2019. Approximately $660.5 million of structured securities affected.
It's time to dive into what investors should expect from Lululemon's (LULU) first quarter fiscal 2019 financial results that are due out after the closing bell Wednesday.
If you're interested in J. C. Penney Company, Inc. (NYSE:JCP), then you might want to consider its beta (a measure of...
J.C. Penney stock is flat for the year so far, but a long-serving director is bullish enough on the beleaguered department store to buy shares on the open market for the first time in almost two years.
JCPenney, Intel, Alibaba, Amazon and Honda are the companies to watch.
Rating Action: Moody's affirms sixteen classes of MSBAM 2013- C9. Global Credit Research- 10 Jun 2019. Approximately $937 million of structured securities affected.